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Experience indicates that 30% of the people entering a store make a purchase. Using
(a) the binomial distribution and
(b) the normal approximation to the binomial, ?nd the probability that out of 30 people entering the store, 10 or more will make a purchase.
Explain why those rates may be more meaningful as a measure of change across time than the actual numbers of those events.
A coin was flipped 60 times and came up heads 38 times. (a) At the .10 level of significance, is the coin biased toward heads? Show your decision rule and calculations. (b) Calculate a p-value and interpret it.
Suppose that $126,000 is to be allocated for advertising, research, and investment in the ratio 10:4:2. How much money will be allocated for each?
What is the minimum sample size the airline would need to estimate with 95% confidence to obtain a margin of error of +/- 3% for this estimate of the percentage of overweight bags
Find the value of W, the test statistic for a two sample rank-sum test that would compare the two methods for losing weight. Give the details of how you found W. Please show your step-by-step hand calculation here.
Enzyme immunoassay (EIA) tests are used to screen blood specimens for the presence of antibodies to HIV, the virus that causes AIDS. Antibodies indicate the presence of the virus.
What are the primary advantages and disadvantages of employing sampling in this application?
What is the probability that a component picked at random from the production line will have a lifetime - Sketch the normal and the standard normal distribution for this problem and shade the area corresponding to part d.
A company tracked the number of complaints it received during the first 6 months of last year, as shown in the following table:
Find the probility that a randomly selected student has neigther credit card. Find the probability that a randomly selected student has a Mastercard or a Visa or both.
you and your friend join a new gym that requires a one-time joining fee and monthly payments. 10 ptsa. if your friend
In 1990, the population of Austin, Texas, was 494,290. During the next 10 years, the population increased by about 3% each year.
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